Adolphus D. is a high school graduate who sells new mobile phones and prepaid phone cards. He sells from a small stand on a street in busy downtown Monrovia, Liberia's capital. With the 71,000 Liberian dollars from this individual loan from Kiva field partner LEAP, Adolphus plans to buy more unlocked GSM mobile phones to resell.
Adoplhus says he's had the business for three years now, and that business is fairly good, except towards the end of each month when potential customers run low on funds as they await payday. He buys his phones from a Nigerian wholesaler, and says that one day he'd like to be able to import phones from China himself and sell them wholesale.
Adolphus is 32 years old and married. He has two sons, aged 3 and 10. His older son is in the 4th grade. Adolphus also helps to care for his sister.
The Local Enterprise Assistance Program (LEAP) is Liberia's largest and oldest continuously operating microfinance institution with 13 branches across the country. Founded in 1994, the non-profit organization has survived periods of civil war and severe socio-economic hardship. LEAP seeks to help rebuild post-conflict Liberia through its group and individual loans to micro- and small-scale entrepreneurs, and puts emphasis on lending to women.
During routine partner monitoring, Kiva learned that LEAP's delinquency data may be understated due to technical problems with their reporting software. Because this report is key to our analysis of the risk of this partner, delinquency or default rates on loans to this partner may be higher than we expect. For further details, see LEAP’s partner page on Kiva.